Allspring Global Investments Holdings LLC Has $18.62 Million Holdings in National Fuel Gas (NYSE:NFG)

Allspring Global Investments Holdings LLC cut its position in shares of National Fuel Gas (NYSE:NFG - Free Report) by 18.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 307,252 shares of the oil and gas producer's stock after selling 71,336 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.33% of National Fuel Gas worth $18,623,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of National Fuel Gas by 38.6% during the 3rd quarter. GAMMA Investing LLC now owns 696 shares of the oil and gas producer's stock worth $42,000 after purchasing an additional 194 shares in the last quarter. Cullen Investment Group LTD. raised its stake in shares of National Fuel Gas by 0.7% in the 3rd quarter. Cullen Investment Group LTD. now owns 30,021 shares of the oil and gas producer's stock valued at $1,820,000 after buying an additional 202 shares in the last quarter. HBK Sorce Advisory LLC lifted its holdings in shares of National Fuel Gas by 1.0% during the 1st quarter. HBK Sorce Advisory LLC now owns 21,743 shares of the oil and gas producer's stock worth $1,168,000 after acquiring an additional 225 shares during the period. Financial Advocates Investment Management boosted its position in shares of National Fuel Gas by 6.2% during the 2nd quarter. Financial Advocates Investment Management now owns 4,182 shares of the oil and gas producer's stock valued at $227,000 after acquiring an additional 243 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in National Fuel Gas by 0.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 53,460 shares of the oil and gas producer's stock valued at $2,873,000 after acquiring an additional 244 shares during the period. 73.96% of the stock is currently owned by institutional investors.

National Fuel Gas Price Performance

NFG stock traded down $0.90 during midday trading on Friday, reaching $61.78. 276,674 shares of the company's stock traded hands, compared to its average volume of 524,331. The company has a quick ratio of 0.65, a current ratio of 0.77 and a debt-to-equity ratio of 0.85. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 12.26 and a beta of 0.62. The company has a 50-day simple moving average of $60.27 and a two-hundred day simple moving average of $57.33. National Fuel Gas has a 1-year low of $45.32 and a 1-year high of $63.54.

National Fuel Gas (NYSE:NFG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The oil and gas producer reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. National Fuel Gas had a return on equity of 14.80% and a net margin of 16.42%. The business had revenue of $417.40 million for the quarter, compared to analyst estimates of $540.62 million. During the same quarter in the prior year, the firm posted $1.01 earnings per share. The firm's revenue for the quarter was down 2.6% compared to the same quarter last year. On average, analysts anticipate that National Fuel Gas will post 3.51 earnings per share for the current year.

National Fuel Gas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Monday, September 30th. National Fuel Gas's dividend payout ratio (DPR) is currently 40.87%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NFG shares. Scotiabank lifted their price objective on National Fuel Gas from $80.00 to $81.00 and gave the company a "sector outperform" rating in a report on Tuesday, August 20th. StockNews.com lowered National Fuel Gas from a "hold" rating to a "sell" rating in a research note on Saturday, October 19th. Finally, JPMorgan Chase & Co. dropped their price objective on National Fuel Gas from $64.00 to $62.00 and set a "neutral" rating for the company in a research note on Thursday, September 12th.

Insider Transactions at National Fuel Gas

In related news, General Counsel Michael W. Reville sold 1,700 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $60.77, for a total value of $103,309.00. Following the sale, the general counsel now directly owns 8,203 shares in the company, valued at $498,496.31. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.55% of the company's stock.

National Fuel Gas Profile

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.